GoAir IPO Date, Price, Review, Form & Market Lot Details

GoAir IPO Date, Price, Review, Form & Market Lot Details:- GoAir IPO is expected to hit the market on 8 December 2021 and might be cleared by SEBI. GoAir, rebranded as Go First, is planning to raise Rs 3,600 crore from its IPO and launch its share by December 8.

GoAir’s IPO anchor issue is scheduled to launch on December 7. GoAir had filed an addendum to the draft red herring prospectus earlier this month.

Go First, founded as GoAir is an Indian ultra-low-cost airline based in Mumbai. It is owned by the Indian business conglomerate Wadia Group. In October 2017, it was the fifth largest airline in India with an 8.4% passenger market share. In March 2020, the airline operated over 330 daily flights to 36 destinations, including 27 domestic and nine international destinations.

The retail portion of the IPO is 10% while QIB is 75% and NII is 15%. GoAir IPO to list on NSE and BSE both the indices.

GoAir IPO Date, Price, Review, Form & Market Lot Details

GoAir IPO Date & Price Band

GoAir IPO Market Lot

GoAir IPO Reservation :

Go Air IPO Total Reservation of – shares are to be bid for the public issue by Go Air IPO with – for QIB and – for NII – For RII & – Shares EMP.

Go Air IPO Peer Comparison PE :

The Go Air, According to DRHP of the Some company is listed whose PE Multiple is shown in this table.

GoAir IPO Dates :

Go Air IPO Date is 08 December and the close date is 10 December 2021. The allotment will be finalized on Not Declare and the IPO may list on Not Declare.

GoAir IPO Form

There are two ways to apply in GoAir IPO. You can apply for GoAir IPO through ASBA available in your bank account. You have to go to your online bank login and select GoAir IPO in the Invest section and apply through your bank account. Another option is you can apply GoAir IPO through IPO form download through NSE and BSE. See the GoAir IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.

GoAir Company Financial Report (Cr) :

Promoters

• NUSLI NEVILLE WADIA
• JEHANGIR NUSLI WADIA
• NESS NUSLI WADIA
• GO INVESTMENTS & TRADING PRIVATE LIMITED

About GoAir

Go First was founded as GoAir in November 2005 by Jeh Wadia, son of Indian industrialist Nusli Wadia. The airline is a wholly-owned subsidiary of the Wadia Group. GoAir commenced its operations using an Airbus A320 aircraft and operated its inaugural flight from Mumbai to Ahmedabad on 4 November 2005. The airline initially operated with a single aircraft to four destinations including Goa and Coimbatore with plans to induct 36 aircraft by 2008. In March 2008, the airline announced revised plans to operate 11 aircraft and service new destinations in the North East and South India by the end of the year. Increasing fuel prices forced Go First to cut down the existing number of flights in June 2008.

In January 2009, British Airways was interested in buying a stake in the airline. In November 2009, GoAir entered into talks with Indian airline SpiceJet over a possible merger that ended in a no-deal. In April 2012, GoAir became the fifth largest airline in India in terms of market share following the demise of Kingfisher Airlines. In 2013, the airline appointed investment bank JP Morgan to scout for potential investors.[18] The airline’s growth has been slow compared to other airlines established at the same time such as IndiGo and SpiceJet, which have larger market share, fleet size and destinations served as of 2016.

According to the airline, it is a planned strategy due to the tough aviation environment in India and to focus on maintaining profitability rather than on capturing market share and increasing the destinations and fleet size. As of February 2016, it was the fifth-largest carrier in the country with an 8% market share. The airline is planning for an initial public offering (IPO) in 2020. The airline took delivery of its 20th aircraft in June 2016, making it eligible to operate international flights.

GoAir became the sixth Indian domestic carrier to fly international when it launched its inaugural flight to Phuket from New Delhi on 11 October 2018. In May 2021, GoAir was rebranded as Go First

The airline is headquartered in Mumbai, India. Jehangir Wadia served as the Managing Director of the airline from its inception until his resignation in 2021. Kaushik Khona is the CEO of Go First.

GoAir IPO Registrar

Link Intime India Private Limited
C-101,  1stFloor,  247  Park,
Lal  Bahadur  Shastri  Marg,
Vikhroli (West) Mumbai 400 083
Maharashtra
Telephone no.: (+91 22) 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Investor grievance e-mail: [email protected]
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR00000405

GoAir IPO Lead Managers

• ICICI Securities Limited
• Citigroup Global Markets India Private Limited
• Morgan Stanley India Company Private Limited

Company Address

Go Airlines (India) Ltd
Registered Office:
C/O Britannia Industries Limited,
A-33, Lawrence Road Industrial Area,
New Delhi 110 035, National Capital Territory of Delhi
Telephone no.:(+91 11) 7156 8136
Corporate Office:
First Floor, C-1, Wadia International Centre,
Pandurang Budhkar Marg, Worli,
Mumbai 400025, Maharashtra
Telephone no.:(+91 22)6741 0000
Website:www.goair.in
Contact Person: Niranjan Karde
Company Secretary and Compliance Officer
Telephone no.: (+91 22)67420028
E-mail: [email protected]
Corporate Identity Number: U63013DL2004PLC217305

GoAir IPO FAQs